| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $22M | $22M | 3.1% | 7.2% |
| Op. Income | $4M | $3M | $3M | 42.1% | 49.3% |
| Gross Margin | 53.3% | 49.4% | 50.1% | 3.9pp | 3.1pp |
| Net Margin | 15.6% | 11.6% | 11.5% | 4.0pp | 4.1pp |
| EPS (Diluted) | $0.36 | $0.26 | $0.24 | 38.5% | 50.0% |
| Free Cash Flow | $6M | $4M | $3M | 37.9% | 110.2% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $109.6K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $3M |
| Operating Expenses | $8M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $4M |
| Interest Income | $22M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $644.7K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $281.9K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $109.6K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $3M |
| Operating Expenses | $8M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $4M |
| Interest Income | $22M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $644.7K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $281.9K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $281.9K |
| Stock-Based Compensation | $222.1K |
| Deferred Income Tax | -$117.9K |
| Other Non-Cash Items | $772.8K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$461.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$462.0K |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $97M |
| Net Receivables | $149M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $254M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $264M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $104.3K |
| Additional Paid-In Capital | $93M |
| Retained Earnings | $95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $254M |
| Net Debt | $220M |
